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  • Evolution of Module

    • GR-A.2.1

      This Module was first issued in July 2006, with immediate effect, as a new Module aimed at aligning the structure and contents of Volume 2 with other Volumes of the CBB Rulebook. All subsequent changes to this Module are annotated with the end-calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.

      Amended: January 2014
      October 07

    • GR-A.2.2

      The October 2007 version incorporates the requirements relating to controllers, previously contained in Chapter HC-2 of the High-Level Controls Module. It also expands on certain requirements contained in the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006).

      October 07

    • GR-A.2.3

      A list of recent changes made to this Module is detailed in the table below:

      Module Ref.Change DateDescription of Changes
      GR-504/2008New notification requirements and limits concerning "controllers"
      GR-4, GR-5.4, GR-710/2007Administrative changes due to implementation of CBB Law. Revised notification deadlines etc.
      GR-110/2007This Chapter has been relocated to OM Module.
      GR-810/2007CBB Fees Chapter has been transferred to Module LR.
      GR-5.301/2010Revised approval threshold for controllers which are financial institutions.
      GR01/2011Various minor amendments to ensure consistency in CBB Rulebook.
      GR-A.1.2 and A.1.301/2011Added legal basis.
      GR-3.1.104/2011Clarified Rule pertaining to announcement of dividend.
      GR-4.1.204/2011Clarified Guidance and deleted reference to outsourcing and winding up proceedings.
      GR-4.107/2011Noted that the Regulation dealing with Asset/Liability transfers is under consultation.
      GR-A.1.2 and GR-5.3.5A10/2011New reference added to reflect the issuance of Resolution No.(43) of 2011, and reference made to controllers.
      GR-3.110/2011Clarified guidance Paragraphs on CBB's non-objection for dividends.
      GR-5.2.210/2011Clarified the definition of "associate".
      GR-710/2011Chapter redrafted to be consistent with other Volumes of the CBB Rulebook.
      GR-5.3.807/2012Percentage amended to be consistent with Paragraph GR-5.3.5.
      GR-A.1.210/2012Updated legal basis.
      GR-410/2012Amended to reflect the issuance of Resolution No.(33) for 2012.
      GR-4.2.301/2013Specified timeline for CBB preliminary assessment.
      GR-5.4.1 and GR-5.4.304/2013Changed Rules to Guidance.
      GR-507/2013Changes made to be in line with Regulation No.(31) for the year 2008.
      GR-A.2.101/2014Deleted repetitive sentence.
      GR-5.3.804/2014Corrected cross reference.
      GR-7.1.1210/2016Added additional requirements for cessation of business to be in line with Volume 4.
      GR-5.1.701/2017Consistency of notification timeline rule on Controllers with other Volumes of the CBB Rulebook.
      GR-3.1.310/2017Amended paragraph and changed from Guidance to Rule.
      GR-604/2019Added Section on Open Banking.
      GR-B.1.204/2020Amended Paragraph.
      GR-B.1.304/2020Amended Paragraph.
      GR-2.1.204/2020Amended Paragraph.
      GR-4.1.504/2020Amended Paragraph.
      GR-4.3.2 (d)04/2020Amended Paragraph.
      GR-5.1.104/2020Amended Paragraph.
      GR-5.1.1004/2020Amended Paragraph.
      GR-7.1.404/2020Amended Paragraph.
      GR-7.1.1204/2020Amended Paragraph.
      GR-901/2021Added a new Chapter on Prepaid Cards.
      GR-507/2021Deleted Chapter and superseded by Resolution No. 16 of 2021.
      GR-6.1.307/2021Amended Paragraph.
      GR-6.1.507/2021Amended Paragraph.
      GR-6.1.707/2021Amended Paragraph.
      GR-6.1.807/2021Added a new Paragraph on access to customer information and data.
      GR-6.2.107/2021Amended Paragraph.
      GR-6.2.307/2021Amended Paragraph.
      GR-6.2.607/2021Amended Paragraph.
      GR-6.3.807/2021Paragraph moved to GR-6.1.7.
      GR-6.3.1207/2021Amended Paragraph.
      GR-6.3.1307/2021Amended Paragraph.
      GR-6.3.1407/2021Amended Paragraph.
      GR-6.3.1507/2021Amended Paragraph.
      GR-6.4.107/2021Amended Paragraph.
      GR-6.4.207/2021Amended Paragraph.
      GR-6.507/2021Deleted Section.
      GR-2.1.101/2022Amended Paragraph.
      GR-6.1.504/2022Amended Paragraph on MCCs.
      GR-6.1.804/2022Amended Paragraph on payment data provided including MCCs.
      GR-6.2.504/2022Amended Paragraph on Bahrain Open Banking Framework Developer Portal.
      GR-307/2023Amended Chapter on Dividends and Profit Repatriation.
      GR-301/2024Amended Chapter on Dividends and Profit Repatriation.
      GR-6.1.305/2024Amended Paragraph on access granted to PISPs and AISPs.
      GR-6.1.805/2024Amended Paragraph on sharing information of customer account activity with PISPs and AISPs.
      GR-6.1.8A05/2024Added a new Paragraph on access timeline.
      GR-6.3.1305/2024Amended Paragraph on customer security measures.
      GR-6.4.105/2024Amended Paragraph on banks consistency with security guidelines.
      GR-6.4.1A05/2024Added a new Paragraph on compliance with requirements of sharing customer information.